Indianapolis-based shopping center owner Simon Property Group hiked its quarterly dividend and its forecast for full-year funds from operations as its tenants benefited from an increase in consumer spending.
City officials have picked the apartment specialist J.C. Hart Co., retail developer Paul Kite Co. and architecture firm Schmidt Associates to redevelop a prime Mass Ave parcel currently occupied by the Indianapolis Fire Department.
Architect Myron Goldsmith and former Republic publisher Bob Brown developed the concept for the newspaper plant based on an open design offering full views of the building from the outside.
A September study by Purdue University found farmland prices were as much as 18 percent higher than in 2011, and some appraisers say they continue to go up.
Developers are one step closer to building a $9 million apartment project to replace a blighted former hotel in Irvington.
Kite Realty Group Trust Inc. is selling 10.5 million new shares at $5.20 per share in an offering set to raise at least $52 million for the Indianapolis-based retail developer.
Expiring leases have prompted at least five major users of downtown office space to assess whether to renew or relocate.
A lender has filed to foreclose on the Uptown Business Center, a neighborhood retail building at the southwest corner of 49th Street and College Avenue that a local developer had hoped to use as a springboard to revitalize the intersection.
Receipts at the locavore's haven in Fountain Square have surged since February, when two new partners took over day-to-day management, redefined the space, expanded the menu and turned its hours of operation upside down.
The local developer has agreed to purchase the former Mitchell & Scott industrial complex in the 600 block of College Avenue and is in the process of pulling together a plan for the site.
Suburban New Orleans investment firm National Tax Asset Fund LLC placed the bid during the Marion County tax sale that ended Friday. WFMS parent Cumulus Media Inc. owns the property and owes more than $80,000 in back taxes.
The owner of the hotel, an affiliate of Dora Brothers Hospitality Corp. in Fishers, filed for Chapter 11 bankruptcy in February. German American Capital Corp., which is owed $12 million, could own the property by the end of the year.
Part of former Borders bookstore space is marketing opportunity for Greensburg-based bank. The other half could be turned into lobby for Barnes & Thornburg.
The university chose Keystone over Kite Realty Group and Lauth Property Group to build housing, retail and parking worth up to $45 million.
Teagen Development Inc. has a purchase agreement for the 6,600-square-foot building at 1101 N. College Ave., rescuing it from an attempt—since withdrawn—to demolish the structure.
A Marion Superior Court judge has appointed a receiver to manage the seven-story building in downtown Indianapolis that is facing foreclosure. A lender to the building’s owner claims it is owed $10.5 million.
The amount of money awarded through the state's Historic Preservation Fund has dropped nearly $100,000 over the past year.
The Indianapolis developer will continue to own its corporate headquarters at 117 E. Washington St. after reaching a settlement with two banks that had filed a lawsuit to foreclose on the building.
Much-anticipated upgrades to the high-profile Fashion Mall at Keystone will be ready for shoppers by mid-November. Mall owner Simon Property Group provided a sneak peek on Wednesday of work under way.
A high-end apartment project and neighborhood retail center are scheduled to break ground soon as the first components of the retooled Fishers Marketplace development at State Road 37 and 131st Street.
